You bought one of Rocky Mountain Manufacturing Co.s 8.25 percent coupon bonds one year ago for $1,048.30. These bonds make annual payments and mature ten years from now. Suppose that you decide to sell your bonds today, when the required return on the bonds is 7.75 percent.

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If the inflation rate was 4.1 percent over the past year, what would be your total real return on investment?(Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)